What is QuarkChain?
The QuarkChain token, or QKC, is the native token powering the QuarkChain Network. The latter is an EVM-compatible blockchain infrastructure capable of supporting and customizing consensus mechanisms, transaction models, and tokenomics.
QKC is based on the ERC-20 token standard. It mainly serves as a medium of exchange within the ecosystem and is also used to pay for gas fees.
There is a maximum supply of 10,000,000,000 QuarkChain tokens.
If more information is needed, you can check out the QKC price history, or the current QuarkChain price, in the above section.
What are the Main Features of QuarkChain?
QuarkChain Network operates using Sharding Technology which splits the network into the root chain and shards. This gives network participants the choice of mining in the root chain or shard.
As mentioned in the What is QuarkChain section, the QuarkChain coin is the native token of the network. It also benefits from the Sharding Technology as it enables cross-shard transactions.
EVM compatibility is part of the QuarkChain Network. This means that decentralized applications built on Ethereum can be transferred to the QuarkChain Network.
Scalability is also an important aspect of the QuarkChain Network. It reaches around 55,000 transactions per second (TPS), while its target is 300,000 TPS.
One of the primary goals of the project is to make blockchain technologies accessible to everyone, everywhere.
Some of the project's investors include AlphaChain, ConsensusLab, Signum Capital, Signal Ventures, and PreAngel, among many others.
Who Developed QuarkChain?
The QuarkChain crypto project was launched in 2018 by QuarkChain INC. It’s a California-based company founded by an experienced software engineer Qu Zhou. He has worked at major companies such as Google, Dell, and Facebook and currently serves as the CEO of QuarkChain INC.
